Real Estate Investment Properties for Sale in Federal Way, WA

Looking for investment property in Federal Way, WA with high ROI ?

Explore a variety of short-term homes & houses in Federal Way, WA. Invest wisely with VRBO & Federal Way, WA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Federal Way, WA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2524 S 317th St #304 Federal Way, WA	2 beds \| 1 baths \| 950 sq.ft.	$290,000	Airbnb cash on cash: -2.26% Traditional cash on cash: 1.29% Airbnb Rental Income: $824 Traditional Rental Income: $1467 Airbnb ROI: -2.26% Traditional ROI: 1.29%
37558 30th Pl S Lot 40 Federal Way, WA 37514 30th Pl S Lot 62, Edgewood, WA 98003 \| Single Family Residential	3 beds \| 2 baths \| 1,870 sq.ft.	$724,950	Airbnb cash on cash: -1.01% Traditional cash on cash: 1.88% Airbnb Rental Income: $1285 Traditional Rental Income: $2835 Airbnb ROI: -1.01% Traditional ROI: 1.88%
37541 21st Ave S Federal Way, WA 37541 21st Ave S, Milton, WA 98003 \| Single Family Residential	5 beds \| 3 baths \| 2,300 sq.ft.	$705,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 2.83% Airbnb Rental Income: $1896 Traditional Rental Income: $3265 Airbnb ROI: -0.02% Traditional ROI: 2.83%
2500 S 370 St #12 Federal Way, WA 2500 S 370 St #12, Edgewood, WA 98003 \| Manufactured Home	2 beds \| 2 baths \| 1,248 sq.ft.	$170,000	Airbnb cash on cash: 2.7% Traditional cash on cash: 9.96% Airbnb Rental Income: $1246 Traditional Rental Income: $2026 Airbnb ROI: 2.7% Traditional ROI: 9.96%
37514 30th Pl S Lot 62 Federal Way, WA 37514 30th Pl S Lot 62, Edgewood, WA 98003 \| Single Family Residential	3 beds \| 2 baths \| 1,870 sq.ft.	$684,950	Airbnb cash on cash: -0.95% Traditional cash on cash: 2.24% Airbnb Rental Income: $1285 Traditional Rental Income: $2921 Airbnb ROI: -0.95% Traditional ROI: 2.24%
37558 30th Pl S Federal Way, WA 37558 30th Pl S, Edgewood, WA 98003 \| Single Family Residential	3 beds \| 2 baths \| 1,873 sq.ft.	$724,950	Airbnb cash on cash: -0.81% Traditional cash on cash: 2.22% Airbnb Rental Income: $1285 Traditional Rental Income: $2928 Airbnb ROI: -0.81% Traditional ROI: 2.22%
372 xx 29th Ave S Lot 1 Federal Way, WA 372 xx 29th Ave S Lot 1, Edgewood, WA 98003 \| Other	N/A beds \| N/A baths \| N/A	$269,500	Airbnb cash on cash: N/A Traditional cash on cash: 2.15% Airbnb Rental Income: $null Traditional Rental Income: $1141 Airbnb ROI: N/A Traditional ROI: 2.15%
2811 S 375th Pl Lot 11 Federal Way, WA 2811 S 375th Pl Lot 11, Federal Way, WA 98003 \| Single Family Residential	3 beds \| 2 baths \| 2,070 sq.ft.	$789,950	Airbnb cash on cash: -1.09% Traditional cash on cash: 1.61% Airbnb Rental Income: $1285 Traditional Rental Income: $2863 Airbnb ROI: -1.09% Traditional ROI: 1.61%
2811 S 375th Pl #CEXCXM Federal Way, WA	3 beds \| 2 baths \| 2,070 sq.ft.	$789,950	Airbnb cash on cash: -0.9% Traditional cash on cash: 1.81% Airbnb Rental Income: $1285 Traditional Rental Income: $2879 Airbnb ROI: -0.9% Traditional ROI: 1.81%
156 S 358th St Federal Way, WA 156 S 358th St, Federal Way, WA 98003 \| Single Family Residential	3 beds \| 2 baths \| 1,800 sq.ft.	$549,999	Airbnb cash on cash: 0.28% Traditional cash on cash: 2.79% Airbnb Rental Income: $1729 Traditional Rental Income: $2540 Airbnb ROI: 0.28% Traditional ROI: 2.79%
30331 9th Ave S Federal Way, WA 30331 9th Ave S, Federal Way, WA 98003 \| Single Family Residential	4 beds \| 3 baths \| 1,910 sq.ft.	$630,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 3.06% Airbnb Rental Income: $2387 Traditional Rental Income: $3054 Airbnb ROI: 0.93% Traditional ROI: 3.06%
2101 S 324th St #21 Federal Way, WA 2101 S 324th St #21, Federal Way, WA 98003 \| Manufactured Home	3 beds \| 2 baths \| 1,680 sq.ft.	$185,000	Airbnb cash on cash: 2.52% Traditional cash on cash: 10.46% Airbnb Rental Income: $1285 Traditional Rental Income: $2279 Airbnb ROI: 2.52% Traditional ROI: 10.46%
37309 29th Pl S Federal Way, WA 37309 29th Pl S, Federal Way, WA 98003 \| Single Family Residential	4 beds \| 2 baths \| 2,140 sq.ft.	$731,999	Airbnb cash on cash: -0.27% Traditional cash on cash: 2.11% Airbnb Rental Income: $1818 Traditional Rental Income: $2946 Airbnb ROI: -0.27% Traditional ROI: 2.11%
35750 Military Rd S Federal Way, WA 35750 Military Rd S, Federal Way, WA 98001 \| Other	N/A beds \| N/A baths \| N/A	$69,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.87% Airbnb Rental Income: $null Traditional Rental Income: $705 Airbnb ROI: N/A Traditional ROI: 6.87%
2718 S Star lake Rd Federal Way, WA 2718 S Star lake Rd, Federal Way, WA 98003 \| Single Family Residential	3 beds \| 2 baths \| 2,220 sq.ft.	$655,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 2.82% Airbnb Rental Income: $1388 Traditional Rental Income: $3021 Airbnb ROI: -0.54% Traditional ROI: 2.82%
2411 SW 346th St Federal Way, WA 2411 SW 346th St, Federal Way, WA 98023 \| Single Family Residential	6 beds \| 2 baths \| 4,180 sq.ft.	$1,199,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 3.33% Airbnb Rental Income: $3324 Traditional Rental Income: $6006 Airbnb ROI: 0.26% Traditional ROI: 3.33%
316 SW 365th St #6 Federal Way, WA 316 SW 365th St #6, Federal Way, WA 98023 \| Single Family Residential	4 beds \| 3 baths \| 2,931 sq.ft.	$1,099,990	Airbnb cash on cash: -0.91% Traditional cash on cash: 1.44% Airbnb Rental Income: $1793 Traditional Rental Income: $3710 Airbnb ROI: -0.91% Traditional ROI: 1.44%
2229 SW 330th St Federal Way, WA 2229 SW 330th St, Federal Way, WA 98023 \| Single Family Residential	4 beds \| 1 baths \| 1,390 sq.ft.	$569,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 1.45% Airbnb Rental Income: $1799 Traditional Rental Income: $1912 Airbnb ROI: 0.32% Traditional ROI: 1.45%
30332 11th Pl S #O1HF1S Federal Way, WA 30332 11th Pl S #O1HF1S, Federal Way, WA 98003 \| Single Family Residential	4 beds \| 2 baths \| 3,086 sq.ft.	$922,950	Airbnb cash on cash: -0.67% Traditional cash on cash: 1.73% Airbnb Rental Income: $1793 Traditional Rental Income: $3370 Airbnb ROI: -0.67% Traditional ROI: 1.73%
The Camden Plan Federal Way, WA The Camden Plan, Federal Way, WA 98003 \| Single Family Residential	4 beds \| 3 baths \| 2,510 sq.ft.	$879,950	Airbnb cash on cash: -0.61% Traditional cash on cash: 1.97% Airbnb Rental Income: $1793 Traditional Rental Income: $3416 Airbnb ROI: -0.61% Traditional ROI: 1.97%
The Liam Plan Federal Way, WA The Liam Plan, Federal Way, WA 98003 \| Single Family Residential	4 beds \| 2 baths \| 3,086 sq.ft.	$922,950	Airbnb cash on cash: -0.67% Traditional cash on cash: 1.52% Airbnb Rental Income: $1793 Traditional Rental Income: $3187 Airbnb ROI: -0.67% Traditional ROI: 1.52%
0 SW 297th St Federal Way, WA 0 SW 297th St, Federal Way, WA 98023 \| Other	N/A beds \| N/A baths \| N/A	$345,000	Airbnb cash on cash: 5.35% Traditional cash on cash: 0.57% Airbnb Rental Income: $3187 Traditional Rental Income: $918 Airbnb ROI: 5.35% Traditional ROI: 0.57%
30300 Pacific Hwy S Federal Way, WA 30300 Pacific Hwy S, Federal Way, WA 98003 \| Other	N/A beds \| N/A baths \| N/A	$725,000	Airbnb cash on cash: -1.07% Traditional cash on cash: -0.71% Airbnb Rental Income: $1070 Traditional Rental Income: $945 Airbnb ROI: -1.07% Traditional ROI: -0.71%
31000 18th Ave S Federal Way, WA 31000 18th Ave S, Federal Way, WA 98003 \| Other	N/A beds \| N/A baths \| N/A	$3,330,000	Airbnb cash on cash: -1.78% Traditional cash on cash: -1.7% Airbnb Rental Income: $1070 Traditional Rental Income: $945 Airbnb ROI: -1.78% Traditional ROI: -1.7%
155 S 330th St #D Federal Way, WA 155 S 330th St #D, Federal Way, WA 98003 \| Condo/Coop	2 beds \| 2 baths \| 984 sq.ft.	$330,000	Airbnb cash on cash: -2.09% Traditional cash on cash: 1.57% Airbnb Rental Income: $1066 Traditional Rental Income: $1833 Airbnb ROI: -2.09% Traditional ROI: 1.57%
1248 SW 312th St Federal Way, WA 1248 SW 312th St, Federal Way, WA 98023 \| Other	N/A beds \| N/A baths \| N/A	$285,000	Airbnb cash on cash: 6.87% Traditional cash on cash: 5.21% Airbnb Rental Income: $3187 Traditional Rental Income: $2021 Airbnb ROI: 6.87% Traditional ROI: 5.21%
32807 12th Ave SW Federal Way, WA 32807 12th Ave SW, Federal Way, WA 98023 \| Single Family Residential	4 beds \| 3 baths \| 4,051 sq.ft.	$1,157,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 1.41% Airbnb Rental Income: $1799 Traditional Rental Income: $3758 Airbnb ROI: -0.86% Traditional ROI: 1.41%
34005 1 St Cir S Federal Way, WA 34005 1 St Cir Cir S, Federal Way, WA 98003 \| Multi Family	8 beds \| N/A baths \| 3,905 sq.ft.	$990,000	Airbnb cash on cash: -1.32% Traditional cash on cash: 1.36% Airbnb Rental Income: $1066 Traditional Rental Income: $3167 Airbnb ROI: -1.32% Traditional ROI: 1.36%
4104 SW 327th Pl Federal Way, WA 4104 SW 327th Pl, Federal Way, WA 98023 \| Single Family Residential	4 beds \| 3 baths \| 2,770 sq.ft.	$700,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 3.57% Airbnb Rental Income: $2305 Traditional Rental Income: $3758 Airbnb ROI: 0.47% Traditional ROI: 3.57%
The Cedar Plan Federal Way, WA The Cedar Plan, Federal Way, WA 98003 \| Single Family Residential	5 beds \| 3 baths \| 3,019 sq.ft.	$907,375	Airbnb cash on cash: 0.76% Traditional cash on cash: N/A Airbnb Rental Income: $3220 Traditional Rental Income: $0 Airbnb ROI: 0.76% Traditional ROI: N/A
Sapporo B Plan Federal Way, WA Sapporo B Plan, Federal Way, WA 98023 \| Single Family Residential	4 beds \| 3 baths \| 2,931 sq.ft.	$1,099,990	Airbnb cash on cash: -0.79% Traditional cash on cash: 1.61% Airbnb Rental Income: $1793 Traditional Rental Income: $3758 Airbnb ROI: -0.79% Traditional ROI: 1.61%
4601 SW 320th St #L6 Federal Way, WA 4601 SW 320th St #L6, Federal Way, WA 98023 \| Condo/Coop	2 beds \| 1 baths \| 809 sq.ft.	$190,000	Airbnb cash on cash: -1.92% Traditional cash on cash: 7.85% Airbnb Rental Income: $1041 Traditional Rental Income: $2442 Airbnb ROI: -1.92% Traditional ROI: 7.85%
1698 SW 344th Pl Federal Way, WA 1698 SW 344th Pl, Federal Way, WA 98023 \| Single Family Residential	4 beds \| 3 baths \| 3,200 sq.ft.	$1,058,900	Airbnb cash on cash: -0.6% Traditional cash on cash: 1.67% Airbnb Rental Income: $2057 Traditional Rental Income: $3758 Airbnb ROI: -0.6% Traditional ROI: 1.67%
30041 14th Ave S Federal Way, WA 30041 14th Ave S, Federal Way, WA 98003 \| Single Family Residential	4 beds \| 2 baths \| 1,540 sq.ft.	$634,990	Airbnb cash on cash: 0.91% Traditional cash on cash: 3.85% Airbnb Rental Income: $2387 Traditional Rental Income: $3547 Airbnb ROI: 0.91% Traditional ROI: 3.85%
36503 2nd Ave SW Federal Way, WA 36503 2nd Ave SW, Federal Way, WA 98023 \| Single Family Residential	3 beds \| 2 baths \| 2,790 sq.ft.	$799,000	Airbnb cash on cash: -0.42% Traditional cash on cash: 2.2% Airbnb Rental Income: $1729 Traditional Rental Income: $3200 Airbnb ROI: -0.42% Traditional ROI: 2.2%
2611 S 288th St #6 Federal Way, WA 2611 S 288th St #6, Federal Way, WA 98003 \| Manufactured Home	2 beds \| 2 baths \| 900 sq.ft.	$175,000	Airbnb cash on cash: 2.38% Traditional cash on cash: 11.3% Airbnb Rental Income: $1208 Traditional Rental Income: $2305 Airbnb ROI: 2.38% Traditional ROI: 11.3%
32612 3rd Pl S #18C Federal Way, WA 32612 3rd Pl S #18C, Federal Way, WA 98003 \| Townhouse	3 beds \| 1 baths \| 1,632 sq.ft.	$414,999	Airbnb cash on cash: 0.14% Traditional cash on cash: 4.16% Airbnb Rental Income: $1977 Traditional Rental Income: $3021 Airbnb ROI: 0.14% Traditional ROI: 4.16%
31010 3rd Ct S Federal Way, WA 311 S 3rd Ct S, Federal Way, WA 98003 \| Single Family Residential	4 beds \| 2 baths \| 1,780 sq.ft.	$638,750	Airbnb cash on cash: 0.5% Traditional cash on cash: 3.45% Airbnb Rental Income: $2110 Traditional Rental Income: $3325 Airbnb ROI: 0.5% Traditional ROI: 3.45%
30418 12th Pl SW Federal Way, WA 30418 12th Pl SW, Federal Way, WA 98023 \| Single Family Residential	3 beds \| 1 baths \| 1,200 sq.ft.	$585,000	Airbnb cash on cash: 0.55% Traditional cash on cash: 3.71% Airbnb Rental Income: $1993 Traditional Rental Income: $3200 Airbnb ROI: 0.55% Traditional ROI: 3.71%
110 SW 325th Pl Federal Way, WA 110 SW 325th Pl, Federal Way, WA 98003 \| Condo/Coop	2 beds \| 1 baths \| 1,288 sq.ft.	$367,500	Airbnb cash on cash: -1.89% Traditional cash on cash: 2.77% Airbnb Rental Income: $1066 Traditional Rental Income: $2305 Airbnb ROI: -1.89% Traditional ROI: 2.77%

Real Estate investment in Federal-way, WA

There are 94 properties for sale in the city of Federal Way . The median list price in Federal Way is $599,950 and the average price per square foot is $295. In March 2026, the average monthly cash on cash return in Federal Way is 3.00%. The average monthly rental income in Federal Way is $2,937.

Federal-way, WA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 94 investment properties available for sale in Federal-way.

In 2026, the best neighborhood to buy investment property is Madrona.

The ROI for Short-Term is higher than the Long-Term in Federal-way with average rental income of $1,799.

Your search for investment property begins and ends here

Investment Property for Sale in Federal Way, WA

2524 S 317th St #304

Federal Way, WA

2 beds | 1 baths | 950 sq.ft.

$290,000

Airbnb cash on cash: -2.26%

Traditional cash on cash: 1.29%

Airbnb Rental Income: $824

Traditional Rental Income: $1467

Airbnb ROI: -2.26%

Traditional ROI: 1.29%

37558 30th Pl S Lot 40

Federal Way, WA

3 beds | 2 baths | 1,870 sq.ft.

$724,950

Airbnb cash on cash: -1.01%

Traditional cash on cash: 1.88%

Airbnb Rental Income: $1285

Traditional Rental Income: $2835

Airbnb ROI: -1.01%

Traditional ROI: 1.88%

37541 21st Ave S

Federal Way, WA

5 beds | 3 baths | 2,300 sq.ft.

$705,000

Airbnb cash on cash: -0.02%

Traditional cash on cash: 2.83%

Airbnb Rental Income: $1896

Traditional Rental Income: $3265

Airbnb ROI: -0.02%

Traditional ROI: 2.83%

2500 S 370 St #12

Federal Way, WA

2 beds | 2 baths | 1,248 sq.ft.

$170,000

Airbnb cash on cash: 2.7%

Traditional cash on cash: 9.96%

Airbnb Rental Income: $1246

Traditional Rental Income: $2026

Airbnb ROI: 2.7%

Traditional ROI: 9.96%

37514 30th Pl S Lot 62

Federal Way, WA

3 beds | 2 baths | 1,870 sq.ft.

$684,950

Airbnb cash on cash: -0.95%

Traditional cash on cash: 2.24%

Airbnb Rental Income: $1285

Traditional Rental Income: $2921

Airbnb ROI: -0.95%

Traditional ROI: 2.24%

37558 30th Pl S

Federal Way, WA

3 beds | 2 baths | 1,873 sq.ft.

$724,950

Airbnb cash on cash: -0.81%

Traditional cash on cash: 2.22%

Airbnb Rental Income: $1285

Traditional Rental Income: $2928

Airbnb ROI: -0.81%

Traditional ROI: 2.22%

372 xx 29th Ave S Lot 1

Federal Way, WA

N/A beds | N/A baths | N/A

$269,500

Airbnb cash on cash: N/A

Traditional cash on cash: 2.15%

Airbnb Rental Income: $null

Traditional Rental Income: $1141

Airbnb ROI: N/A

Traditional ROI: 2.15%

2811 S 375th Pl Lot 11

Federal Way, WA

3 beds | 2 baths | 2,070 sq.ft.

$789,950

Airbnb cash on cash: -1.09%

Traditional cash on cash: 1.61%

Airbnb Rental Income: $1285

Traditional Rental Income: $2863

Airbnb ROI: -1.09%